You will receive a statement of account by end of March every year. This statement will show the Edusave transactions from February of the previous year to January of the current year.
Your child's Edusave account will be closed in the year they turn 17 years old or when they are no longer studying in an MOE-funded school, whichever happens later. The balance will be automatically transferred to their Post-Secondary Education Account (PSEA).
Earning interest from the Edusave Account
The balance in each Edusave account will earn interest pegged to the Central Provident Fund (CPF) Ordinary Account which is currently at 2.5%. This interest is credited to the Edusave account in December of every year.
Tip: To check your Edusave balance, you can call our 24hr automated hotline at 6260 0777.